Barrett Business Services, Inc. (BBSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 8100 NE PARKWAY DRIVE
VANCOUVER, WA 98662
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 7363 - Help Supply Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments159,748166,168169,932127,16035,78760,509
Cash and cash equivalents91,42369,40568,68844,57035,37159,835
Short-term investments68,32596,763101,24482,590416674
Restricted cash and investments110,98967,23896,991116,873120,409103,652
Receivables163,838155,707124,991164,896151,597138,350
Other undisclosed current assets19,78717,60615,96114,91913,8805,724
Total current assets:454,362406,719407,875423,848321,673308,235
Noncurrent Assets
Operating lease, right-of-use asset19,80420,69723,02523,805
Property, plant and equipment45,95436,27734,91631,72424,81224,909
Long-term investments and receivables     1,6871,199
Long-term investments     1,6871,199
Intangible assets, net (including goodwill)47,82047,82047,82047,82047,82047,820
Goodwill47,82047,82047,82047,82047,82047,820
Restricted cash and investments104,277232,965258,153327,326348,165291,273
Deferred income tax assets11,440   
Other noncurrent assets3,2812,4743,1613,6183,4743,215
Deferred tax assets, net8,4585,834
Other undisclosed noncurrent assets    2,788  
Total noncurrent assets:232,576340,233367,075437,081434,416374,250
TOTAL ASSETS:686,938746,952774,950860,929756,089682,485
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities103,394101,306114,061133,112138,624111,863
Taxes payable1,673  4,403 
Employee-related liabilities80,028102,040118,273109,31997,673
Accounts payable8,2644,4854,7465,9934,3365,166
Accrued liabilities95,13015,1207,2758,84620,5669,024
Debt  3,5102216,892221221
Deferred compensation liability 1,000200100   
Estimated litigation liability     2,900 
Other undisclosed current liabilities230,337210,380176,255202,118184,993210,171
Total current liabilities:334,731315,396290,637342,122326,738322,255
Noncurrent Liabilities
Long-term debt and lease obligation  14,59819,92921,6133,9514,171
Long-term debt, excluding current maturities   3,5103,7303,9514,171
Liabilities, other than long-term debt173,095207,366265,124324,213305,178265,844
Accounts payable and accrued liabilities153,070199,379255,706320,713304,078265,844
Deferred compensation liability, classified 5,8006,3004,9003,5001,100 
Deferred income tax liabilities  1,6874,518 
Operating lease, liability14,22514,59816,41917,883
Other undisclosed noncurrent liabilities1,2701,0621,0251,1821,1851,381
Total noncurrent liabilities:174,365223,026286,078347,008310,314271,396
Total liabilities:509,096538,422576,715689,130637,052593,651
Equity
Equity, attributable to parent177,842208,530198,235171,799119,03788,834
Common stock697476757473
Additional paid in capital32,74429,05424,88520,22715,43712,311
Accumulated other comprehensive income (loss)(27,594)1,0797,5642,819(5,068)(1,430)
Retained earnings172,623178,323165,710148,678108,59477,880
Total equity:177,842208,530198,235171,799119,03788,834
TOTAL LIABILITIES AND EQUITY:686,938746,952774,950860,929756,089682,485

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,054,326955,166880,824942,311940,698920,432
Cost of revenue(819,481)(750,658)(697,917)(734,058)(754,025)(761,901)
Cost of goods and services sold(819,481)(750,658)(697,917)(734,058)(754,025)(527,220)
Gross profit:234,845204,508182,907208,253186,673158,531
Operating expenses(175,870)(160,585)(146,760)(157,765)(149,684)(128,590)
Operating income:58,97543,92336,14750,48836,98929,941
Nonoperating income6,3286,7386,44910,6507,7804,437
Investment income, nonoperating6,4767,2157,97712,5209,0774,668
Interest and debt expense(141)(372)(1,244)(1,789)(1,052)(313)
Income from continuing operations before equity method investments, income taxes:65,16250,28941,35259,34943,71734,065
Other undisclosed income from continuing operations before income taxes1413721,2441,7891,052313
Income from continuing operations before income taxes:65,30350,66142,59661,13844,76934,378
Income tax expense(18,035)(12,582)(8,831)(12,846)(6,707)(9,208)
Income from continuing operations:47,26838,07933,76548,29238,06225,170
Income before gain (loss) on sale of properties:38,07933,76548,29238,06225,170
Net income available to common stockholders, diluted:47,26838,07933,76548,29238,06225,170

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:47,26838,07933,76548,29238,06225,170
Comprehensive income:47,26838,07933,76548,29238,06225,170
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(28,673)(6,485)4,7457,887(3,638)(1,427)
Comprehensive income, net of tax, attributable to parent:18,59531,59438,51056,17934,42423,743

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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